Financial Risk Specialist Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. May make recommendations to limit risk.
Financial Risk Specialist is Also Know as
In different settings, Financial Risk Specialist is titled as
- Analyst
- Equity Research Analyst
- Risk Analyst
- Risk Manager
- Risk Specialist
- Securities Analyst
Education and Training of Financial Risk Specialist
Financial Risk Specialist is categorized in Job Zone Four: Considerable Preparation Needed
Experience Required for Financial Risk Specialist
A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
Education Required for Financial Risk Specialist
Most of these occupations require a four-year bachelor's degree, but some do not.
Degrees Related to Financial Risk Specialist
- Bachelor in Financial Mathematics
- Associate Degree Courses in Financial Mathematics
- Masters Degree Courses in Financial Mathematics
- Bachelor in Risk Management
- Associate Degree Courses in Risk Management
- Masters Degree Courses in Risk Management
- Bachelor in Accounting
- Associate Degree Courses in Accounting
- Masters Degree Courses in Accounting
- Bachelor in Accounting and Finance
- Associate Degree Courses in Accounting and Finance
- Masters Degree Courses in Accounting and Finance
- Bachelor in Accounting and Business/Management
- Associate Degree Courses in Accounting and Business/Management
- Masters Degree Courses in Accounting and Business/Management
- Bachelor in Business/Managerial Economics
- Associate Degree Courses in Business/Managerial Economics
- Masters Degree Courses in Business/Managerial Economics
Training Required for Financial Risk Specialist
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Related Ocuupations
Some Ocuupations related to Financial Risk Specialist in different industries are
- Financial and Investment Analysts
- Financial Quantitative Analysts
- Personal Financial Advisors
- Investment Fund Managers
- Securities, Commodities, and Financial Services Sales Agents
- Management Analysts
- Business Intelligence Analysts
- Credit Analysts
- Financial Examiners
- Financial Managers
- Insurance Underwriters
- Operations Research Analysts
- Market Research Analysts and Marketing Specialists
- Regulatory Affairs Specialists
- Economists
- Accountants and Auditors
- Logistics Analysts
- Data Scientists
- Business Continuity Planners
- Loss Prevention Managers
What Do Financial Risk Specialist do?
- Analyze areas of potential risk to the assets, earning capacity, or success of organizations.
- Analyze new legislation to determine impact on risk exposure.
- Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models.
- Confer with traders to identify and communicate risks associated with specific trading strategies or positions.
- Consult financial literature to ensure use of the latest models or statistical techniques.
- Contribute to development of risk management systems.
- Determine potential environmental impacts of new products or processes on long-term growth and profitability.
- Develop contingency plans to deal with emergencies.
- Develop or implement risk-assessment models or methodologies.
- Devise scenario analyses reflecting possible severe market events.
- Devise systems or processes to monitor validity of risk assessments.
- Document, and ensure communication of, key risks.
- Draw charts and graphs, using computer spreadsheets, to illustrate technical reports.
- Evaluate and compare the relative quality of various securities in a given industry.
- Evaluate the risks and benefits involved in implementing green building technologies.
- Evaluate the risks related to green investments, such as renewable energy company stocks.
- Gather risk-related data from internal or external resources.
- Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputations, customer bases, or industry segments.
- Inform financial decisions by analyzing financial information to forecast business, industry, or economic conditions.
- Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs.
- Maintain input or data quality of risk management systems.
- Meet with clients to answer queries on subjects such as risk exposure, market scenarios, or values-at-risk calculations.
- Monitor developments in the fields of industrial technology, business, finance, and economic theory.
- Prepare plans of action for investment, using financial analyses.
- Produce reports or presentations that outline findings, explain risk positions, or recommend changes.
- Provide statistical modeling advice to other departments.
- Recommend investments and investment timing to companies, investment firm staff, or the public.
- Recommend ways to control or reduce risk.
- Review or draft risk disclosures for offer documents.
- Track, measure, or report on aspects of market risk for traded issues.
Qualities of Good Financial Risk Specialist
Tools Used by Financial Risk Specialist
- 10-key calculators
- Computer data input scanners
- Desktop computers
- Laptop computers
- Laser facsimile machines
- Multi-line telephone systems
- Notebook computers
- Personal computers
- Photocopying equipment
- Tablet computers
Technology Skills required for Financial Risk Specialist
- ADP Workforce Now
- Advanced Portfolio Technologies Report Builder
- Advanced Portfolio Technologies Simulator
- Amazon Web Services AWS software
- Analyse-it
- AnalyzerXL
- Annuities analysis software
- Apache Hive
- Apache Pig
- Apple AppleWorks
- Apple Keynote
- Aptech Systems GAUSS
- Aspen Graphics Technical Analysis Software
- Atlassian JIRA
- BizBench
- BizPricer
- Business Forecast Systems Forecast Pro
- C++
- Corel QuattroPro
- dailyVest Investment Personalization Platform
- Data visualization software
- DealMaven Comparable Company Valuation Analysis
- DealMaven M&A Accretion/Dilution One-Pager
- DealMaven Modeling ToolPack for Excel
- DealMaven PresLink for PowerPoint and Word
- Decisioneering Crystal Ball
- Delphi Technology
- Derivatives Imagine Trading System
- Derivicom FinOptions XL
- Economic forecasting software
- Experian Credinomics
- Express Business Valuations
- Factiva
- FileMaker Pro
- Financial modeling software
- FinEng Solutions PerfoRM
- FinEng Solutions Quantis
- Fractal pattern analysis software
- Fund accounting software
- Genetic algorithm optimization software
- Genetic algorithm software
- Google Docs
- Google Slides
- Harland Financial Solutions DecisionPro
- Human resource management software HRMS
- I-flex Solutions Reveleus Investment Performance Measurement
- IBM Cognos Impromptu
- IBM Lotus 1-2-3
- IBM Lotus Approach
- IBM Notes
- IBM Power Systems software
- IBM SPSS Statistics
- Innova Financial Solutions Derivatives Expert
- Insightful S-PLUS
- Intuit QuickBooks
- Ivorix Neurostrategy Finance
- Keypoint DataDesk
- Leading Market Technologies EXPO
- LexisNexis
- Linux
- Longview Consolidation
- Longview Performance Management Platform
- Longview Solutions Khalix
- Management information systems MIS
- Market forecast software
- Marketo Marketing Automation
- Mathematical software
- Matheny Pattern Forecaster Plus
- McAfee
- MergerStat Control Premiums
- MergerStat Price to Earnings Ratios
- Microsoft Access
- Microsoft Azure software
- Microsoft Dynamics
- Microsoft Dynamics GP
- Microsoft Excel
- Microsoft Exchange
- Microsoft Office SharePoint Server MOSS
- Microsoft Office software
- Microsoft OneNote
- Microsoft Outlook
- Microsoft PowerPoint
- Microsoft Project
- Microsoft SharePoint
- Microsoft SQL Server
- Microsoft SQL Server Reporting Services SSRS
- Microsoft Visio
- Microsoft Visual Basic
- Microsoft Visual Basic for Applications VBA
- Microsoft Word
- MicroStrategy
- MoneySoft Corporate Valuation
- Monte Carlo simulation software
- Montgomery Investment Technology Bonds XL
- Montgomery Investment Technology Exotics XL
- Montgomery Investment Technology FinTools
- Montgomery Investment Technology Options XL
- Montgomery Investment Technology QuoteTools
- Montgomery Investment Technology Risk XL
- Montgomery Investment Technology SigTools
- Montgomery Investment Technology Utility XL
- Moss Adams Profit Mentor
- Mutual fund analysis software
- NetSuite ERP
- Neural network modeling software
- NeuroSolutions for MatLab
- NeuroSolutions Trading Solutions
- OptionVue Options Analysis
- Oracle Business Intelligence Enterprise Edition
- Oracle Database
- Oracle E-Business Suite Financials
- Oracle Fusion Applications
- Oracle Hyperion
- Oracle JD Edwards EnterpriseOne
- Oracle PeopleSoft
- Oracle PeopleSoft Financials
- Oracle Primavera Enterprise Project Portfolio Management
- Palisade Bond @nalyst
- Palisade Evolver
- Palisade StatTools
- Pattern recognition software
- Peer-to-Peer Financial Analysis
- Perforce Helix software
- Perl
- Pi Blue OptWorks Excel
- Portfolio management software
- Pricing software
- Python
- Qlik Tech QlikView
- Quantifying marketability discount QMD modeling software
- R
- Report generation software
- Reporting software
- RiskMetrics Group WealthBench
- Ruby
- S&P Capital IQ
- Sage 50 Accounting
- Salesforce software
- SAP Business Objects
- SAP BusinessObjects Data Integrator
- SAP Crystal Reports
- SAP software
- SAS
- SAS JMP
- Securities analysis software
- ServiceNow
- Spreadware Business Financial Analysis
- Spreadware Business Valuator
- Spreadware Pro Forma
- SSA Global Infinium Financial Management
- Standard & Poor's Capital IQ Compustat
- StataCorp Stata
- Steele Mutual Fund and Variable Annuity Expert
- Structured query language SQL
- SunGard BancWare
- SunGard Kiodex Risk Workbench
- Tableau
- Tax software
- TechHackers Convertible Bond @nalyst
- TechHackers Credit @nalyst
- TechHackers Exotic @nalyst
- TechHackers Financial @nalyst
- TechHackers IRO @nalyst
- TechHackers MBS @nalyst
- TechHackers Swap @nalyst
- Teradata Database
- Tetrahex Fractal Finance
- The MathWorks MATLAB
- TickQuest NeoTicker
- Tips Standard Securities Calculation Bond Analytics Module
- Tips Standard Securities Calculation Mortgage-Backed Analytics Module
- TradeTools Financial Market Databases
- TradeTools Monthly U.S. Economic Database
- Trendsetter Software ProAnalyst
- UNIX
- Unlimited Learning Resources Valusource Pro
- ValuSource BIZCOMPS
- Ward Systems Group GeneHunter
- Ward Systems Group NeuralShell Predictor
- Ward Systems Group NeuroShell Trader
- Web browser software
- Whitebirch Software Projected Financials
- Wolfram Research Derivatives
- Wolfram Research Mathematica
- Wolfram Research Mathematica Finance Essentials
- Wolfram Research Mathematica UnRisk Pricing Engine
- Yardi software